confession of judgment


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Noun1.confession of judgment - a judgment entered after a written confession by the debtor without the expense of ordinary legal proceedings
cognovit judgement, cognovit judgment, confession of judgement
judicial decision, judgment, judgement - (law) the determination by a court of competent jurisdiction on matters submitted to it
law, jurisprudence - the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order"
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
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Many of these business owners face financial ruin because they had signed a Confession of Judgment or agreed to a UCC Lien or personal guarantee.
National Credit Partners Helps Small Business Owners Who Are Overwhelmed with High Interest Debt
This appeal arose from a judgment that was entered after the filing of a confession of judgment that was executed more than four years earlier.
Court of Appeals Digest: May 6, 2019
"Beginning in 2004, I began taking money from FLC through writing myself checks from the company's account," Owens admitted in the affidavit of confession of judgment.
Ontario County woman accused of stealing $1.4 million
As noted, we recommend the inclusion of a confession of judgment provision in a settlement agreement.
Reducing Risk and Avoiding Legal Costs Using Confessions of Judgment, Payment Plans and Settlement Agreements
"On this ground, both parties may mutually seek for the annulment, and while no judgment on the pleadings, summary judgment, or confession of judgment shall be allowed, the parties shall both be required as far as practicable to present affidavits or certifications from parents, children of legal age, and other relatives attesting to the fact of the separation period without prejudice to whatever documents the court may further require," it said.
One more reason for annulment, says Legarda
Or in the alterative, by running into the courthouse to find a judge to render a "show cause" order based upon a confession of judgment in the note, impermissible in Florida, also lacks due process.
Foreclosure
Goshen Equipment Inc.: Confession of judgment. Defendant acknowledges debt of $141,293 to plaintiff.
FOR THE RECORD
A confession of judgment is the modern-day form of a cognovit judgment--i.e., the written authority given by a debtor for entry of judgment against him or her in the event of a default.
Confessions of an Illinois judgment: as more loans go bad, banks looking for better ways to collect from defaulting borrowers are turning to judgments by confession. The author explains how they work and argues they typically can be enforced as soon as they're entered, with no notice to the debtor

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